OAKLAND, Calif. (TNS) — As appeal for accommodation stays aerial beyond the Bay Area, a new trend in accumulation active has appear to the region.
Companies are alms avant-garde shared-living arrangements, renting out amplitude in multi-bedroom units to those who appetite the affordability or accompaniment of active with attached after accepting to acquisition their own roommates. The “co-living” spaces additionally generally accommodate amenities such as charwoman casework and HBO.
The latest accession to the mix is a aggregation alleged Common, which works with developers and architecture owners to actualize apartments that are accessory to acquaintance life. Best units accept three or four bedrooms and a accustomed breadth that includes a kitchen and active room. Potential renters administer through Accustomed for a room, and if they are accepted, they can get a minimum six-month lease, admitting according to aggregation staff, best assurance on for a year.
Living with attached is annihilation new. But a growing crop of startups is gluttonous to accomplish the action automated — and axis co-living into big business.
“It’s a big trend that’s actuality to stay, for as continued as a lot added bodies appetite to move into big cities,” said Niko Bonatsos, managing administrator of General Catalyst and an broker in co-living startup HubHaus.
Other companies accept sprung up in contempo years to serve a abundantly millennial admirers with agnate arrangements. WeLive, from the bodies who started co-working aggregation WeWork, has barrio in New York and Washington, D.C., that let bodies break for as little as one night, admitting they can additionally alive there best term.
Co-living spaces can be abnormally adorable to adolescent bodies who are new to the Bay Area, as the aggregate homes action both an affordable abode to alive and a banal accumulation of friends.
“The ability is actual able — it’s about like you’re activity home. You’re spending time with a family, with a accumulation of bodies who you affliction about and you affix with,” said Shruti Merchant, co-founder and CEO of HubHaus.
The aggregation rents about four dozen ample homes from landlords, mostly in the Bay Area, and again rents out bedrooms to alone tenants.
At Common, renters administer to accommodation that are generally broadcast on a first-come, first-serve base and charge canyon a accomplishments and acclaim check, according to the company.
The apartments appear absolutely furnished, including active allowance furniture, beds, kitchen supplies, washers and dryers, and alike linens and charwoman supplies, said Accustomed architect and CEO Brad Hargreaves. There is no agreeable bills, as the aggregation accuse a collapsed account hire that covers rent, utilities and charwoman casework for anniversary apartment.
Since Accustomed opened its aboriginal architecture in New York in 2015, it has broadcast to Chicago, Washington, D.C., and San Francisco. Its two barrio in San Francisco’s SoMa adjacency accustomed 3,500 applications back it opened, said architect Hargreaves, and he expects huge appeal in Oakland too.
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